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LIPO

Lipella Pharmaceuticals shares are trading lower after the company announced a $1.28 million registered direct offering of 2.066 million shares of common stock at $0.62/share.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:11 pm

UNTY

Unity Bancorp, Inc. (NASDAQ:UNTY) has announced a new share repurchase program, allowing the company to buy back up to 500,000 shares, or approximately 5% of its outstanding common stock. The repurchase will depend on various factors including market conditions and the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 1:04 pm

LAD

Lithia Motors (NYSE:LAD) exceeded Q2 earnings expectations with an EPS of $7.87, beating the consensus of $7.03. However, revenues fell short at $9.23 billion, missing the $9.33 billion projection. Net income dropped 29% year-over-year. The company rebalanced capital allocation towards shareholder returns and expanded its network. Lithia Motors approved a dividend of 53 cents per share and repurchased 793,000 shares. Adam Chamberlain was promoted to COO.

Portfolio Pulse from Nabaparna Bhattacharya

August 01, 2024 | 12:55 pm

BTU

Peabody Energy shares are trading higher following a Q2 earnings beat and the announcement of a $100 million buyback.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:38 pm

EMLD

FTAC Emerald Acquisition Corp. (NASDAQ:EMLD) will change its ticker symbols to FLD, FLDU, and FLDW starting August 2, 2024. The company has entered into a business combination agreement with Fold, Inc., expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:37 pm

APTV

Aptiv shares are trading higher after the company reported better-than-expected Q2 adjusted EPS results and raised its FY24 adjusted EPS above estimates. Additionally, the company announced the authorization of a $5 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:37 pm

CPB

Campbell Soup Company (NYSE:CPB) will transfer its stock exchange listing from the NYSE to the Nasdaq Global Select Market on August 16, 2024. The company will continue to trade under the 'CPB' ticker symbol and will join the Nasdaq Composite index. Campbell will also hold an Investor Day on September 10, 2024, at Nasdaq MarketSite.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:35 pm

LAB

Standard BioTools shares are trading lower after the company reported worse-than-expected Q2 financial results and cut FY24 revenue guidance below estimates. Additionally, CFO Jeffery Black will resign.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:28 pm

SLI

Standard Lithium Ltd. announced that CEO Robert Mintak will retire effective September 1, 2024, and will remain as an advisor through August 2025. David Park will take over as CEO on the same date.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:10 pm

LIPO

Lipella Pharmaceuticals Inc. (NASDAQ:LIPO) announced a $1.28 million registered direct offering of 2,066,000 shares of common stock at $0.62 per share. The offering is expected to close on August 1, 2024, with H.C. Wainwright & Co. acting as the exclusive placement agent. The proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 12:07 pm